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Company manager loses more than RM400,000 to non-existent online scheme

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Non-Existent Online Scam,Hatta Che Din,CCID Scam Response Centre

Ever since Congress passed a bill that would force Chinese company ByteDance to sell or shut down TikTok, one of the biggest questions has been: Who could buy it, given technological, political and financial considerations?

SEREMBAN: A 51-year-old company manager has lost more than RM400,000 after he was lured into investing in a non-existent online scheme, says police.

ACP Mohamad Hatta said the victim transferred his savings into the given accounts totalling RM401,075 between March 21 and May 12, eventually learning it was a scam. He advised those planning to make online investments, especially schemes that offered unusually high returns, to check with the authorities such as the police or Bank Negara Malaysia before investing.

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